I used my income so he could focus on Zoho, now he says I own just 5% of it: Vembu’s wife
The world of entrepreneurship is often marked by stories of sacrifice and dedication. For Pramila Srinivasan, the wife of billionaire Sridhar Vembu, her sacrifice was not just about supporting her husband’s dreams, but also about using her own income to help him build his business empire. However, in a shocking turn of events, Srinivasan has revealed that her husband now claims she owns just 5% of Zoho, the company they built together over the years.
Srinivasan’s story began when her husband, Sridhar Vembu, quit his job to pursue his passion for building a software company. At the time, Srinivasan was the primary breadwinner, and she used her income to support Vembu’s endeavors. “I was working, and he was not, so I used my income to support him,” she said in a recent interview. “I felt that it was only fair that I did my part to help him achieve his dreams.”
As Vembu’s company, Zoho, began to take shape, Srinivasan continued to play a crucial role in its development. She not only provided financial support but also helped Vembu with various aspects of the business, from administrative tasks to strategic planning. Over time, Zoho grew into a successful company, with a valuation of over $1 billion.
However, Srinivasan’s world was turned upside down when Vembu filed for divorce. It was during the divorce proceedings that she discovered a shocking truth: Vembu claimed that she owned just 5% of Zoho, despite her significant contributions to the company’s growth and development. “I felt shocked to learn only after he filed for divorce that he claimed to own just 5% of the company he’d spent our marriage building,” Srinivasan said.
But what’s even more surprising is that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a 47.8% stake. This has raised questions about the ownership structure of the company and the role that family members play in its operations. Srinivasan has expressed her disappointment and frustration with the situation, citing the significant sacrifices she made to support Vembu’s business endeavors.
The case has also sparked a debate about the rights of spouses in business partnerships. While Srinivasan’s contributions to Zoho’s growth and development are undeniable, the question of ownership and control remains a complex issue. The fact that Vembu’s sister is the largest shareholder of the company has added a new layer of complexity to the situation, with many wondering how this will impact the future of the company.
In a recent development, a US court has ordered Sridhar Vembu to post a $1.7 billion bond in the divorce case. This move is seen as a significant development in the case, as it could potentially impact the ownership structure of Zoho. The court’s decision has also sparked a debate about the role of courts in resolving business disputes, particularly in cases where family members are involved.
As the case continues to unfold, one thing is clear: the story of Pramila Srinivasan and Sridhar Vembu serves as a reminder of the complexities and challenges that can arise in business partnerships, particularly when family members are involved. While the outcome of the case is still uncertain, one thing is clear: Srinivasan’s contributions to Zoho’s growth and development will not be forgotten.
In conclusion, the story of Pramila Srinivasan and Sridhar Vembu is a complex and intriguing one, marked by sacrifice, dedication, and a deep passion for building a successful business. While the future of Zoho remains uncertain, one thing is clear: the contributions of all parties involved, including Srinivasan, will play a significant role in shaping the company’s future.
News source: https://www.thenewsminute.com/news/exclusive-us-court-orders-sridhar-vembu-to-post-17-billion-bond-in-divorce-case
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